Our Idaho Private Money Loan Team Makes Investing Simple
Boise is red-hot in real estate news as one of the prime housing markets in the country.
Baby boomers and young professionals are flocking to the Idaho hot spot, drawn by quality of life and the variety of desirable communities that include not only Boise but neighboring communities like Meridian, Nampa and Caldwell.
It’s a good time to invest in rental properties as the area continues to grow. How do successful real estate investors maximize their return? Check out the following pointers.
Tips for a Successful Investment Experience
- The top rule of investing: your investment property should generate income at a minimum of 1% of its purchase price. Example: A property purchased for $200,000 should generate $2000 each month in rental income.
- Purchase a move-in ready property for maximum ROI. The less time and money you spend upfront, the quicker you’ll see a return. If you invest in a fixer upper, be sure to have financing in hand. (Hard money loans are a great option.)
- Property managers can be a terrific help, particularly to new investors not familiar with state landlord-tenant laws. Consider hiring a manager to oversee day-to-day tenant and property tasks.
- Property upkeep: A well-maintained property attracts good tenants and helps avoid bigger repairs in the long-term. Make regular upkeep and scheduled maintenance of your rental property a priority.
Need Upgrades or Repairs? Consider an Idaho Private Money Loan
Successful real estate investors have a reliable funding source when they need cash fast. Our hard money lending team is always ready and available to help investors with our simple, streamlined services. Gregory M. Russell is a respected Idaho hard money lender with over 30 years’ experience. We loan based on available equity. Give us a call at 1-888-477-0444 to learn more about our private money loans or complete our easy online request form today.